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by increase in tension between japan and china over which country owns the islands in the east china sea. and they're concerned the conflicting flames allowed to fester, it could unsettle the dynamic in the region. they want to see security policies and sophisticated diplomacy to calm the situation. u.s. leaders are worried of being drawn into a military confrontation because of their alliance with japan. >> our message to the new japanese government is the same assed to former japanese government, is that we want to see both japan and china avoid provocative acts. we want to see them talk to each other and work this through by dialogue. >> reporter: now japan is tied up in another territorial dispute with south korea. u.s. officials would like to see japanese put aside their differences in the islands in the sea of japan. american diplomats rely on partners in both countries to contain the threat of north korea. as we saw last week, north korea may well be on the way to gaining technology on long-range missile. president obama said the alliance serves as cornerstone in asia-pacific. res
on stability in the asia-pacific. they have been troubled by increasing tension between japan and china over which country owns the senkaku islands in the east china sea. their concerned thathe conflict i claims allowed to fester could unsettled dynamic in the region. they want to see policies and sophisticated diplomacy to calm the swaituation. they're drawn into military confrontation because of their alliance with japan. >> our message to the new japanese government will be the same as the message to the former japanese government, which is that we want to see both japan and china avoid provocative acts. we want to see them talk to each other and work this through by dialogue. >> now japan has stirred up another territorial dispute with south korea. u.s. official want up to see the japanese put aside the differences with the neighbor about the islands in the sea of japan. american diplomats rely on partner in both countries about the threat of north korea. the north koreans may be under way to gain technology for long rage ballistic missiles. they say it serves as the cornerstone of peace
or second. >> days, basically? >> 13 days until the deadline. >> u.s. trade with china, the two sides are talking? >> it kicks off today and tomorrow, crucial talks between the world's no. 1 and #two. the u.s. and china have a lot to tackle, because as you mentioned it has been longstanding trade problems and restrictions with those two. but we could be entering a new era. but you have got a new chinese leader waiting in the wings. i have got a list here, the u.s. wants china to drop restrictions on agricultural products. the u.s. wants china to do more about counterfeiting of u.s. goods. they also want them to allow their currency to appreciate. on the flip side, china wants the u.s. to address its budget problems, the fiscal cliff we just talked about. we know they want the west to stop blocking certain high-tech chinese goods from entering the u.s.. we also know that they want a stop on the chinese investments. takeovers, so to speak. lots to talk about. this is what the experts told me they were looking for. >> there is the currency issue. 10% since the chinese government came in.
has been better in china. offer, that hasn't been enough to move stock. the recent rally we've seen, still a lot of questions as to why exactly it's happening and whether the government can put in some reforms to keep that going. hong kong, aia shares resumed trading today. this is not -- the losses for aii were not too heavy, but the hang seng ending with losses. over in australia, the s&p asx 200 gained some ground, abo about .5%. it was the big miners that gained today. and this brings the aussie market to a 17-month high. we have some minutes out from the research bank of australia. we will see monetarying easing in the form of interest rate cuts last year. it's defying expectations because we are seeing some gains of about .6%. this is despite the rbi, the research bank of india putting rates on hold. as well as the cash research ratio, which many were predicting they would cut. kelly, back to you. >>> okay. as the trading year draw toes a close, we're turning our attention to 2013. there are a number of themes to focus on, pressure on the price of oil, indisexposeble incomes a
by the increasing tension between japan and china over which country owns the senkaku islands. it could unsettle dynamic in a region. they want to see measure security policies and sophisticated diplomacy to calm the situation. >> our pleszage to the new japanese government will be the same to the former japanese government, which is we want to see both japan and china avoid provocative acts. we want to see them talk toach other and work this through by dialogue. >> reporter: now japan has a dispute with south korea. they would like to see the japanese put aside their differences. american diplomats rely on the partners of both countries to contain it. the north koreans may be well on their way to gaining technology to launching missiles. >> thank you very much. >>> european leaders are hoping for more stability. what's the european take on the new government? >> as you know europeans have seen no shortage of instability these days. they are paying close attention to economic policies of the new government. they are expected to begin next spring. eu president said they hope ep negotiations with
. the competition in china. a kissing competition today. they were all in love, but this concept was not easy. each man had to kiss his girlfriend while his feet were off the ground. in the second round, each man had to carry his girlfriend while kissing her. the winning couple took home rings. >> now, your weather forecast. >> pictures of fog in the area made for an interesting to me. father -- a fog advisory. 300 flights cancelled this evening because of the fog. some of that travel delay may linger into the morning. we have been helped out a little bit now because of rain showers, and the rain comes through and picked up tiny little bit of fog. that rain may not last all night. the fog could well come back. keep that in mind. you might want to give a little extra time tomorrow morning. the current temperature. we are seeing warmer air moving in through the evening as winds have turned around in the south. we are still an inch and a half below normal. 5.7 inches below normal for this -- precipitation for the year with a couple weeks to go. you can see heavier rains moving out of pennsylvania. the
. last, but certainly not least, i think you could see the new leadership team in china come more aggressive reform program than people are expecting. >> all right. michael, good to have you. >> thank you so much. >> michael jones of riverfront. >> financials looking to continue their upward momentum from yesterday when both bank of america and citi hit new 52-week highs. independent research analyst meredith whitney has turned bullish on financials, too. whitney citing several factors including her view that banks are more than adequately capitalized. and guys, the weakest position banks from the crisis are now more than adequately capitalized, thus what they earn going forward, whatever that is, will now be theirs to employ with far greater discretion than has been the case in the past. that's the crux of her note. >> it needs to be listened to. i think we make a little bit much of meredith whitney, to be frank. it's been a controversial call on municipal bonds a couple of years ago that has not been proven correct. she might argue with that, but i think that's in the facts. you
is at the center of dispute with china. china has reacted with alarm. beijing declared itself "ready to work with japan" and they expressed disquiet. >> the former prime minister vowed to put the japanese economy back on track after years of deflation made worse by a soaring currency that has squeezed japanese exporters. >> a landslide victory for the conservative ldp party. voters are putting their trust in his promise to get the economy back on track. >> the mission we have been given is to beat inflation and deal with the high yen and wall dealing with the economy and working to create more jobs. >> many voters were critical over the handling of the devastating earthquake, tsunami, and nuclear disaster. they say it was last eight support rather than a rejection of the outgoing premier. >> politics is all about the results. we have to take responsibility. the cause of this major defeat lies with me, as the leader of this party. i hereby take these results seriously and i will resign as the leader of the democratic party in japan. what's the future of the japanese power plants was not a big
sales of the iphone 5 in china during its first three days on the market there. apple says it sold more than two million phones in china since friday. and experts say it can be available in more than 100 countries. >> the duchess of cambridge stepped ut for her first public appearance sincement hospitalized for acute morning sickness presenting two awards at the bbc sports personality of the year, she seemed healthy wearing a green dress. the duchess appeared with out her husband, prince william who had a previous commit nmt a movie premier. >> nasa twin probes ended their gravity mapping mission today. the space agency intentionally crashed dish washer sized crafts into the side of a crater near the north poll. this mission launched in september, 20116789 nasa says they produce the highest resolution field map of any celestial body to date. providing a better understanding of how they formed over the ions. >> mazing. >> yes. sit. >> we're expecting more rain and very cold temperatures. >> yes. >> this is mild in comparison it is going to be chilly tonight. we may see frost. >> so snow
heading into the new year they will be demand owning the iphone in particular is a status symbol in china. >> there were some concerns when the iphone 5 came out on friday, the numbers over the weekend were over 2 million, which is spectacular. so one of the things i am noticing here in this negative news cycle is that everything is interpreted negatively. why were there no lines in china? a lot of the iphone 5 ordering it online. lori: when do you expect them to retrace the all-time high? >> i see no reason we can't see that the next three to four months. lori: i have to challenge you, samsung galaxy phone is very popular, microsoft property, windows 7 has a renewed impact, the new app store having the itunes and leadership, tim cook and the whole maps issue is a credit debacle. >> the only competitor out there is samsung that matters. lori: what about tim cook and not a lot of interest in the pipeline? >> tim cook has led the company for several years. so now it is all on his shoulders. when i think about new products, apple tv on the horizon, apple will dominate the tv market over th
sought in china just hours before the sandy hook massacre in the allen matter school. and man in china went into a school with a knife and stabbed 22 children. almost all of them but one survived because it was a knife and not a gun. >> it seems obvious, but maybe it is worth saying, a gun is a particular lethal method of damamamama human bodies, not ony d thehee frequenyy di, but also becec in an attack with a gun, a person running in an attack with a gun, it also means other people are less likely to intervene. there are many reasons why an attack with a gun is more lethal than an attack with a knife. and that is why, specifically, strong roles are justified to have on a weapon that is specifically made for killing >> rebecca, we only have a few questions. onlhave many the conceal and carried it, a new law that says students can carry on campus and teachers are afraid of giving students a bad grade. i know you have looked at other countries outside australia. how powerful in australia was the gun lobby? look at the nra. they are hiding their heads right now. their facebook pages down
china and europe it was on a year ago that italy and greece would be following in disaster. of course, they subsequently turned out to be the single best places to invest for fixed income in the world. not only did the sky not fall, but you had to do some serious buying to keep up with the others around the world. that's still the case. we have been buying an etf for my travel trust. was there a more uniform agreement than the idea that the euro had to die and the weaker countries were going into a depression? i think they'll have slow growth for years. we know a ton of countries that could do very well in a low-growth environment. a year ago all the wise guys were telling us to avoid china because it was a house of cards. the course only grew more uniform through the summer and fall with the chinese market falling to multiyear lows. but in the last few weeks, china's economy bottomed during the summer as they were focused way too much on beating inflation. now it's become the best performer in the world, and i don't think you've missed the move which is why my trust has been buying a
obviously focus on is china. in september, they approved infrastructure projects. love the way the stocking is acting the last couple of days. dagen: you are bullish on the global economy. charles: for a while now. connell: you are not worried about china athol? charles: i think china is going to continue to be on a roll. i am also impressed with brazil, indonesia and turkey. the rest of the world really doing extraordinarily well. connell: we like when you go global on us, charles. what do you use, google maps or apple? charles: stuart varney is probably better than me when it comes to these smart phones. connell: i do remember when you got away from the flip phone. charles: that is only because i left it in the green room. i heard someone from the smithsonian came up. dagen: charles, thank you so much. connell: let's go to this google graphic story. it is a very popular app. let's put it that way. we will talk about that coming up. more from washington, the house speaker ready to put through his own legislation. >> our hope continues to be to reach an agreement with the president what we
's release in china. that is a a record launch in china. >> well, still to come here tonight at 6:00 a nationwide clam yoer for stronger gun control laws and a firearms instructor joins to say. >> the neighbors who are raising a red flag. >> and michael finney helps plant a dreaudsx a school hopes to become the little school that could. stay with >>> a new survey shows growing support for gun control following the connecticut school tragedy. according a poll, 54% support stricter gun control. 71% oppose the ban of hand guns but 52% favor banning semi automatic weaponsnhxv÷ andd in the bay area gun control advocates poining to those number questioning universal background checks. more on that. and last night we heard the president say no set of laws could prevent a mass shooting but added that could not be an excuse for doing nothing. tonight the debate is getting more attention. protestors demonstrated outside of the national rifle association in washington, d.c. this morning and a long time gun rights congressman told msnbc it's time to do something. >> i don't know anyone that
the fiscal cliff. they are looking at hey there's no hard landing in china. europe didn't fall off the map. the u.s. didn't go into recession. we didn't have worldwide food inflation. maybe there's a reason to be constructively bullish on this market. liz: wasn't 1442 supposed to be that support level? >> it is a support level. below that though 1430. that is a key level. i think people are squaring up because hey, we don't know what will happen overnight, but by in large, the market is pricing in that something will get accomplished, but hey, if i was standing in that pit right now, i'd go home flat as well but you'd never know. david: i won't tell those guys about the asteroid that's planning to hit at 12:00 midnight. but that's a whole other story. larry, great to see you. liz: david you just panicked half of our viewers. oracle beat on the top and bottom line. let's head back to nicole on the floor of the nyse. nicole: i have been talking with traders taking a look at the stock in the afterhours. it is a winner. we're watching oracle on the move to the upside, beat on both top and bott
paren esas trompitas por que en china el beso va para largo. --estas parejas, no solo se besaron por largo rato...tuviero n que darse el beso sin que la novia tocara el piso, luego cargarla todo...mientra s se seguian besando. --la competencia fue solo con el fin de celebrar el amor publicamente! cesar ---faltan tan solo dos dias para ver desfilar a las mujeres mas bellas del universo en las vegas blanca ---asi es, y hoy ivette machin nos muestra un poquito de la primera ronda de miss universo donde como siempre, resalt la belleza latina.. take pkg acceso total take pkg acceso total cesar ---recuerde que continuamos trabajando para informarle en vivo a las once.. take vo autoridades en oakland confirman el arresto de tres personas en conexion con la muerte de dos jovencitas asesinadas a balazos... blanca y despues de la tragedia donde murieron 20 ninos en connecticut cre
a hundred species from japan and china and bamboo and native plants. >> they're trimmed to a human scale so you relate to them on a human level. >> this is one of my favorite sections and you can see the goarnlrous maples by the bamboo back drop and especially beautiful in the fall when the leaves start changing colors. just around the corner from maple lane this little garden is called a zen garden, a dry landscape garden and constructed here in 1953. this was originally designed by zen monks for the ground. their main purpose was to create a trairchg tranquil setting for the monks. this is no ordinary bridge. it's made of redwood, oak and cedar. the high arch style makes it easy to pass under. the newly refurbished tea house is in the center of the gard scpen a great place to eat and chill as you take in the view of the garden. if you wish you can experience the rich cultural tradition that celebrates the preparation of green tea or matcha and your host dressed in the ceremony will demonstrate how to clean the utensils and receive and drink tea with ancient japanese customs. the ar
knew him to operate as a public servant and a person. he wanted to talk about the china town campus and talk about my background. he asked if we should build a campus, and i said it's something that we should do and there was certainly overwhelming support for the campus, but characteristic of his style and his principles he was never afraid to question power, or to question the popular way, and he had many good points, and that was very typical of what i have known him to be as a servant at city college. it was very difficult in his position, often being the one vote out of seven, often finding rubber stamping of a decision, fighting the way we were spending our money for ten years. ten years he was in a position most of the time alone trying to speak up and say why are we doing this? we're running the college into the ground. this shouldn't be the way things should be, and when i got into the board and i concluded the same thing and i said "milton god bless you". i couldn't have been here for ten years and put up with this stuff ." and he just laughed and smiled and thank go
amount of u.s. debt at $5.48 trillion. china owns the most government debt, around $1.16 trillion. japan is a close second by around $1.13 trillion, and brazil rounds out the top three with $255 billion dollars worth of u.s. debt. meanwhile, economists say u.s. investors are buying debt from countries in europe instead of the u.s., which could signal that investors are less afraid of the euro crisis than before. 6 million americans will soon get money from credit card companies. american express, discover and capital one were all caught in a government crackdown on deceptive credit card practices and will now have to pay back customers a collective $435 million in refunds. american express is already refunding customers, some of whom were charged higher late fees or never received reward money they were promised. some of the refunds are coming by check, others will be on credit card statements, but all the money should be paid back by march. a decision on a record fine for ubs could come today. bloomberg reports ubs could be bracing to pay a $1.6-billion fine this week. the claims filed
getting here often means a dangerous odyssey that takes years to complete. they flee through china, laos, and thailand. all the time, easy prey for traffickers who force girls into marriage or prostitution. those who make it to the south are brought to this resettlement center. they prepare for their new lives. they learn what health insurance is or how to operate simple electronic devices. they are shown south korean films to smooth their cultural integration. they teach defectors the basics of living in a 21st century capitalist society. >> for example, a hamburger. they do not have hamburgers in north korea. we show them what they look like, how they taste, and what they cost here in the south. >> back in his high school, the school principal is urging students to think big. he tells them, "although you are from the north, you can become president or a pop star. you have to live your dreams." >> i have a very simple dream. i just want to sit down with my full family around a table and eat dinner. my grandparents are still in the north. to be with them is my greatest wish. >> they are
to extract the tunnel bearing machine at a site of the old pegola theatre on the edge of china town. i think that this is a very, very interesting prospect for the benefit that it would have to lower the level of community disruption and also because it marks the path of where that line might be extended into the north beach. i will share this with you. the multimillion-dollar projects are tricky. and the timing of those is even trickier because, it depends on the agreements that are reached at the regional level about the priority of projects especially for federal funds. but, the utility of projects really transcends those arguments and commitments and it is in the future. the authority several years ago did an analysis of the connectivity that would be provided by an extension of the central subway into north beach and the beneficial effects on the bus network and all-the transsiltko come mend the entire team and the feedbacks are available in the next couple of months as we finish talleying it. but it really bodes well for the level of participation for the san francisco plan which is a
markets rallied on new signs of china's economic recovery. tokyo's nikkei rose 1% while the hang seng lost a fraction. >>> optimism over the fiscal cliff negotiations powered the best day for blue chips this month. the dow rose 100 while the nasdaq added 39. >>> samsung is allowed to keep selling three of its smartphones that were found to infringe on apple patents. on monday night, a federal judge rejected apple's demands to pull the model from the shelves saying that was too broad a punishment. competition between the companies is fierce. samsung recently topped apple in global smartphone sales. >>> and easy bake oven is going gender neutral thanks to mckenna pope. she started an online petition to get hasbro to make it in other colors than purple and pink so she could buy one for her younger brother. monday they granted her wish saying a black, silver, and blue oven could be due in stores by next summer. mckenna says hasbro will also start using boys in their ads. she was actually thinking ahead that we're not the only ones who should be in the kitchen cooking. smart girl. >> good idea.
. all asian markets, most european stocks and u.s. futures all up after signs of a recovery in china and hopes for a new stimulus in japan. right now, it is 5:37. taking a short break. we'll be right back in a moment.  [ female announcer ] here's to a whole world of happier holidays. time to enchant, delight and amaze. safeway will help you gather everyone round. a smoked, shank half ham is only 99 cents a pound. get breyer's ice cream for $2.48 and dessert will surely shine. make it a grand finale with starbucks just $6.99. turns out this season less is really so much more. so make your holiday merrier than ever before. safeway. ingredients for life. it sparks a movement. because people can't keep it to themselves. look ! no ugly spots ! awesome! incredible shine. i'm switching for good. love, love, love finish! over a million people have switched to finish. visit us on facebook. >>> we have breaking news from overseas to report. the president of iraq was hospitalized this morning. at first, this was no reason given. but now we are given reports that he had a
-- they're pumping in liquidity. so is china. now, in the long run, we may come to regret this very much. in the short run, i have a feeling all this liquidity is a bigger issue than the fiscal cliff for stocks. >> for stocks. i totally agree with you. we're printing money all around the world. it's good for the stock market. but we're pumping liquidity in, lower growth forecast from the ex, just about any acronym entity that you think of, we've seen lower growth forecast at the same time the credit spreads have come back down. yes, i think things are calmer. these are good things for equities. the yields on corporate bonds, you have to go out seven, eight years to get money on junk paper. corporations have more cash on their balance sheet. they're buying back shares. >> ting the financial picture -- there's nobody that's cutting marginal tax rates. nobody's deregulating and there's nobody that's limiting government. i get that. there's no supply side policies going on. but when you look hat the financial fear spreads or the financial risk spreads -- and here's one, banks. i saw dick bov
, the housing market is getting better. europe appears to be moving in the right direction as is china so the fundamentals are moving in the right direction, but the truth is if washington messes this up, we could go into recession the first part of next year, so that's what's keeping the cautious one on equities. ultimately i think we will finish higher for 2013, but we've got -- we've got to get past this fiscal cliff, because if we don't we go into recession, and i will go underweight stocks. >> all right. we will leave it there. gentlemen and liz ann seaners, good to have you on the program. appreciate it. >> thank you. >> thanks so much. sticking with the market and the economy, ceo co-founder ken langone. >> thank you. merry christmas. >> the co-founder of home depot, a financier, a guy who has his finger on the pulse of global business. that's why we wanted to have you for the whole hour. >> very nice. >> thank you and merry christmas to you as well. what's your take? just got the numbers from okay. here we are, every day worry after worry after worry on this fiscal cliff issue, an
happened in china with them canceling orders for soybeans highlights the fact there may be cooling off going on in china. that exacerbated a selloff in the agriculture commodities and that translated to a selloff in gold and silver as well. what's interesting to note are some reports out from firms talking about what happened in commodities overall. so far this year we have seen losses overall for commodities sector. gold, though, has fared pretty well up 7% year-to-date. back to you, sue. >> thank you so much, sharon. let's bring in jeff kilberg. i know a lot of people are longer term quite bullish on gold. why are we see this pressure taking it apolo the 1700 mark. >> well, sue, i think we saw a knee-jerk reaction initially when boehner came out with plan b. that technically got the ball rolling to the downside. keep in mind one week away from christmas. these holiday markets you can really get pushed around. traders have to be aware on thin volumes. came down to the november 5th low, new low on the close, 1670. right now i think they are stripping out the inflation in gold and reall
and in china anti-jaun, they -- and tie jaun they also -- taiwan they also posted gains. nasdaq, s&p 500, dow jones industrial average, they are all in pretty good ape and nasdaq is back above 3,000. >>> iphone owners are happy to have them back on their smart phones. there were more than 10 million beyond downloads to new maps since it was available. apple decided to drop the map but then the maps were harshly criticized and he offered alternatives. >> you have yours? >> yes. >> just imagine, television and twitter, working together. the new way twitter will measure how much television you are watching. >> plus workers will go on strike at oakland international airport. >>> get the top stories sent straight to your cell phone. get your morning wake-up call by texting the word wake up to 70123. hness of bleach. and free ourselves from worrying about the ones we love. new lysol power & free has more cleaning power than bleach. how? the secret is the hydrogen peroxide formula. it attacks tough stains and kills 99.9% of germs. new lysol power & free. powerful cleaning that's family friendly. ano
day that the mass shooting occurred in the united states, a similar attack occurred in china. no one killed because the prep traitor could only find a knife to attack with. >> okay. professor david hemmingway, thank you for joining. >>> later, good news. one of msnbc's own safe and sound after a difficult ordeal in syria. >>> plus, there are fiscal cliff developments to tell you about. first, our special coverage of the sandy hook tragedy continues. next, the second big conversation out of this. our culture of violence. ♪ the weather outside is frightful ♪ ♪ but the fire is so delightful ♪ nothing melts away the cold like a hot, delicious bowl of chicken noodle soup from campbell's. ♪ let it snow, let it snow we create easy to use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! strategies, chains, positions. we put 'em all on one screen! could we make placing a trade any easier? mmmm...could we? open an account today and get a free 13-month e ibd™ subscription w
. >> y salen a la luz las imágenes de lo que pasó en china, como recordarán la sangrienta agresión tuvo lugar el mismo día que pasó esto con los niños. >> búsquenos en facebook, y twitter, ahí los estaremos esperando. >> casi todo está listo para decir adiós a jenny rivera y los fanáticos se preguntan si podrán ir despedirse. >> muchos lucran con el miedo de los que piensan que se acaba el mundo, por eso acá les tenemos los comentarios, esperamos sus mensajes en twitter, gracias por estar con nosotros, ya volvemos. >> ♪ ♪ un joven del sur de la florida fue golpeado en su propia escuela por otros compañeros de una pandilla, vamos con los detalles con yuli. >> así es, se trata de un joven de 18 años que se sigue recuperando de una cirugía en su quijada tras la fuerte golpiza, la familia dice que él fue víctima de un acto racista. estas imágenes captadas por el celular de unos de los estudiantes muestran la brutal golpiza que sufrió el joven, tres días después salió con una pieza de titania en su quijada, alambres en los dientes y rostro, dice que los demás j
and their families. >>> more than 100 people have been thrown in jail in china for spreading rumors about the world's impending end. >> the mayan calendar stops december 21st 2012 leading many to believe there's going to be no december 22nd. >> for those who think it's true they are loading up on gas masks and meals ready to eat and building bunkers. you but experts say not so fast. people are reading way too much into this mayan calendar thing. >> they did not only predict an end to the world or calendar, but they predicted that things would go on for thousands of years after 2012. >> stories about december 21st have been extremely popular on the website so head to abc2news.com to see what nasa has to say about the mayan calendar and 7 movies about the end of the world. >>> all right roads littered with debris and boarded up homes. some of the things people remember in the aftermath of sandy. >> this morning there are signs of progress in the area. we will tell you who's been allowed to move back in and when they expect to see business. >> also, the big makeover one classic toy is getting. how boy
, china number one followed by japan, bril disa, -- brazil, a assistant third. the cliff negotiations, speaker boehner's offer of a tax rate hike for those making more than a million a year, and speaker boehner reportedly also willing to postpone the debt ceiling issues for at least a year, unclear how. white house aides cite it as progress. joining us lou lehr man, american historian, and great american. >> great to be here always, lou. lou: this is wonderful to watch. the equity market responds at just the suggestion that the two men are actually talking, if talking by one another. what are your thoughts? >> well, the fear and trem ling -- trembling that's spread all over the country and the world about american falling off the cliff, and thus a recession in the united states, the biggest economy in the world, can cause a temporary spurt in activity; however, it shouldn't be forcen freeding this was the federal reserve's qe4 announcement, a trillion dollars in a single year, recreation of new money, money makes it go. lou: you are suggesting that a lousy extra $45 billion a month fr
lessons in your book -- this may sound like a stretch, the people who live in china. i mean, this government's, it is -- you know, i don't know whether you call it -- certainly there is not the openness. well would you say to the leaders of china about there future? >> well, i would start by saying that the chinese leaders have drawn lessons from the story. the chinese leaders know this piece of history. of course, there's a similar time in their own history. and they also have studied very carefully the 80's in the end of the soviet union. and one of the decisions that they have made based on studying this piece of history is, they have made contemporary china less totalitarian in the sense that they do make people march in parades and they have abandon ideology in the sense of making people repeat things they don't believe in. and the pressures they put on people are coming in that sense, less. it is a much more subtle system where you are allowed to say some things in some context, but not others. you can talk about corruption, but you may be cannot criticize the party di
of china is under $6,000. so far no, buyers. of course nasa is not buying a pod or the apocalypse, itself. the is so confident that the world will not end friday, it released a debunking video early. it was intended to play on december 22. another group not taking the end of the world precautions are the mayans themselves. daily life continues as mayan population. they said the world will end but we don't know when it will end. piece of history could be yours if the price is right. president bush offering off the f-150 pickup truck used on his ranch in texas after his presidency, during the presidency. the proceeds benefiting the fisher house foundation, to assist the military families. good news about a traffic ticket. when do you hear that? carlo poz owled over in -- was pulled over in north texas he told the officer he had no excuse other than he couldn't afford the ticket. the officer left him with a citation, warning and $100 bill. he told the local police station he helped me out when i needed it and i appreciate that. i'll never forget that man. he used the money pay for his and hi
] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. gerri: sandy will go down in history as one of the most costly hurrican of all ♪ gerri: insurance issues continued to crop up after super storm scene the ravaged the east coast a little more than a mon ago. reporting close a million losses among 150,000 business losses. if you have a settlement, there are a few crucial things you need to do first. joining me now, president of ericsson insuranceadvisers. welcome back to the show. great to have you here. when you talk to people, probably in an emtional state and probably not well prepared to deal with this kind of problem. what do you tell them ab
't want to admit. they're looking to give countries like china and russia a way out of enforcing the sanctions. right now the world is pretty united against iran. if things change down the road they don't want to be on record saying they have a bomb program. they would rather give this excuse to countries that may want it oppose us on further imposition of sanctions. melissa: michael, thanks for coming on the show. >> my pleasure. thank you. >> more breaking news on knight cam tall. adam shapiro with the latest on that. adam? hey, adam. melissa: adam turning the channel on us. we'll go back to him when we have the news. turning natural gas to liquid gold? a brand new plan to turn our surplus of natural gas into clean-burning diesel. details on that breakthrough coming up next. >>> an urban success story. irving, texas, makes it rain while other cities are going broke the mayor is here to share what they are doing right. she also has some advice for the federal government. clearly they need it. i can't wait for this. "piles of money" and good sense coming up. ♪ . melissa: and no
disputes with china. abe served as prime minister once before, but he quit in 2007, citing ill health. opponents of egyptian president mohammed morsi are sounding the call for nationwide protests again tomorrow against a constitution drafted by islamists. the opposition was bolstered after saturday's first round of voting on the document. only about a third of eligible voters turned out, as 57% approved the draft-- a much lower level of support than predicted. the second round of voting is saturday. those are some of the day's major stories. now, backo juy. >> woodruff: and we pick up now on some of the major questions being asked about guns, mental health and other issues in the aftermath of the shootings. we get four perspectives. dan gross is the president of the brady campaign to end gun violence. david kopel is an adjunct professor of constitutional law at the university of denver and the research director for the libertarian-leaning independence institute. katharine nordal is with the american psychological association. and dr. irwin redlener is a pediatrician at columbia univsi
their hands on a gun? >> well, not to be crass about this, but the same day in china there was a man that went wild in a school. hetabbed 2 kids, four were injured, none died. you don't need to know anything more than that. you have never heard of a drive-by stabbing. you've never horde of a mass killing with knives or fists. it doesn't happen. we need to take the lethality out of this. we need to change the gun culture in this country so that those who go through the right background checks, those that get a licence, those that get safety training can get a gun. but understand the responsibility attendant to that. and then crack down on these illegal markets. >> rose: do you believe we're at a moment that this has been one ofthose times in which history of guns will be changed? >> yes, we are at the same moment now that we were at in '94. in '94 we had a national crisis of violence in this country, kroims with going through the roof. people cried out for something. it's the exact same feeling now. we have kindergartens and first graders being killed. what more do we need to know than that. bu
invited a number of us to go with them to china. it was quite an experience. senator stevens -- of course, another world war ii veteran -- had flown the first cargo play plane into what was then peking in 1974. and senator inouye was well-regarded in china for that service. and so the group of norse -- there must have been -- and so the group of norse -- ther of se must have been a dozen of us -- got together with the leaders of china. we were accorded every courtesy we could possibly be accorded because of the presence of senator inouye and senator stevens. they were like brothers. they called one another "brothers." they acted that way in private. they served that way in the senate as chairman and vice-chairman and vice-chairman and chairman of the appropriations committee. they single-handedly shaped our american defense posture and they did it with skill and pay troivmen--and patriotism and the that very few could have. several senators have mentioned how bipartisan dan inouye was. he was of the old school. not a bad school for today, in my point of view. he treated each senator with
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